| kentron |
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Beta Testers, Gold User, Member, TeleChart
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| Registered User |
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| Unsure |
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| Friday, December 17, 2004 |
| Thursday, December 29, 2011 2:13:06 PM |
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>Ken in the markets nothing is a 100% reliable.
I am aware of that. My question was based on:
Was there any indication that the pattern was failing? Volume? indicators?
And that over the many years I have been using TC2000, I cannot recall any Worden Report that discussed roounding bottoms,cups and sauce, etc.
I expect other users would be interested in Don's comments on rounding bottoms, DANKY.
Please pass along my request that Don comment on rounding bottoms.
Thanks.
Ken
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Perhaps Mr. Worden may want to comment about rounding turns (saucers). I have never seem a Worden Note discussing rounding turns.
DANKY is a classic rounding turn in progress. The exception is the drop in the last two days was unexpected.
I was reading "Technical Analysis of Stock Trends" by Edwards & Magee.
It stated, Rounding bottoms, when they occur after an extensive decline, are of outstanding importance, for they nearly always denote a change in Primary Trend and an extensive advance is yet to come.
The book also stated, the roundng turns are very reliable. DANKY does not look reliable in the last two days, or is this a typical correction.
Mr. Worden,
Is rounding turns very reliable?
Typically is there a flat consolidation before the extensive move up?
Thank you for commenting.
Ken
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Does TC2000 have any indicators that track breadth of the Dow, NASDAQ, Russell 2000?
What are their symbols.
Thank you.
Ken
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